Markets
MINNEAPOLIS, Minn. — The new third set of locks on the Panama Canal will dramatically change grain trade flow, say logistics experts. “We’re getting very close to being done with the canal. It should be operational by April,” said Scott Sigman, transport and export infrastructure lead with the Illinois Soybean Association. The locks will be […] Read more
Markets
New Panama Canal locks able to handle mega vessels
Currency devaluations cause oversupply
The grain market outlook isn’t any less grim this year than last year. That’s the unfortunate message analysts will be presenting at the Cereals North America conference in Winnipeg Nov. 2-4, according to Pedro Dejneka, the managing partner of AGR Brasil. “It’s the new old world. We’re back to where we were pre-ethanol,” said Dejneka, […] Read more
AGT expands logistics chain Mobil Capital acquisition provides shortlines and loading facilities
AGT expands logistics chain Mobil Capital acquisition provides shortlines and loading facilities Saskatchewan pulse processor AGT Food and Ingredients Inc. is expanding its grain origination and shipping capabilities in Western Canada. AGT and its subsidiary, Alliance Pulse Processors Inc., are buying Mobil Capital Holdings and its subsidiary companies for $57.5 million. Mobil’s subsidiaries include Mobil […] Read more
WP LIVESTOCK REPORT, Oct. 15, 2015
HOGS Hog and pork prices rose in the United States last week as packers filled the last retailer demand for October Pork Month . Some analysts expect U.S. prices to weaken as retailer pork sales wind down going into November. The stronger Canadian dollar weighed on hog prices in Canada. Iowa-southern Minnesota hogs delivered were […] Read more
Canfax report, Oct. 15, 2015
Fed cattle halt fall Cattle futures stormed back last week but the Canadian cash fed market languished and prices were pressured by the rising loonie, which topped US77 cents. Packers were unenthusiastic and feedlot managers were not motivated sellers. Live sales were inadequate to establish an average or trend, but the market tone was $4-$6 […] Read more
Canola flirts with $480 but closes lower
November canola futures broke through the $480 a tonne mark on Wednesday morning but were unable to maintain the strength and they closed lower. November settled down $2.40 at $476.10. The early strength triggered profit taking and some hedge selling as more farmers delivered grain to elevators. Falling soybeans also weighed on Canola. Soybeans fell […] Read more
Indian drought bonanza for Canadian pulse growers
WINNIPEG /MUMBAI (Reuters) — Prices for Canadian pulses typically ease toward the end of the year, but a recent dry spell in distant India, the world’s top producer and consumer, is driving them up. Back-to-back drought years for the first time in three decades has eroded India’s output of pulses and boosted imports. Global prices […] Read more
LIVESTOCK-Cattle futures mostly weak; hogs higher
CHICAGO, Oct 13 (Reuters) – Most Chicago Mercantile Exchange live cattle contracts ended moderately lower on Tuesday, with October helped by the upturn in wholesale beef prices and anticipation of higher cash prices later in the week, traders said. But, they said, profit-taking and uneasiness about cattle supplies in the coming months pressured remaining CME […] Read more
Dry weather plagues sowing in the Black Sea: Braun COLUMN
By Karen Braun LONDON, Oct 12 (Reuters) – Ukrainian farmers find themselves in a similar situation to last year: soils are dry. Dryness does not yet pose a risk to yields, but sown area could take a beating and noticeably reduce winter crop production in Ukraine in 2016. One year ago, there were concerns in […] Read more
Weekly Canadian canola crush hits new record
WINNIPEG — Canola oil is flowing freely in Western Canada, with domestic processors crushing more canola in a single week than ever before, according to the latest data from the Canadian Oilseed Processors Association (COPA). The weekly canola crush hit 184,493 tonnes during the week ended Oct. 7, which is more than 10,000 tonnes above […] Read more
